The Salary You Need to Afford an Average Home in Every State

💰On average, Americans need to earn close to $100,000 per year to afford a median-priced home in the US.

🌴Hawaii has the highest cost of living and the highest average home value, making it the most expensive state to buy a home in.

🏞️Wyoming has the lowest cost of living and the lowest average home value, making it the most affordable state to buy a home in.

🏙️States like California and New York have high housing costs and require a high salary to afford an average home.

🌽Midwestern states like Iowa and Nebraska have a lower cost of living and more affordable homes compared to coastal states.

What is the most expensive state to buy a home in?

—Hawaii has the highest cost of living and the highest average home value, making it the most expensive state to buy a home in.

Which state has the lowest cost of living?

—Wyoming has the lowest cost of living and the lowest average home value, making it the most affordable state to buy a home in.

What is the average salary needed to afford a home in the US?

—On average, Americans need to earn close to $100,000 per year to afford a median-priced home in the US.

Are there any states where you can buy a home on a lower salary?

—Yes, there are some states, like Iowa and Nebraska, where you can buy a home on a lower salary due to their lower cost of living and more affordable homes.

Which states have the highest housing costs?

—States like California and New York have high housing costs and require a high salary to afford an average home.

00:00Did you know that in order to afford a median-priced home in the United States on average an American needs to earn close to $100,000 a year?

00:32Hawaii has the highest cost of living and the highest average home value, making it the most expensive state to buy a home in.

08:22New York, particularly New York City, is notorious for having a higher cost of living compared to other states in the United States.

16:47Wyoming, despite its large size and small population, is known for its relatively low cost of living with vast expanses of untouched natural beauty.

17:27South Carolina and Florida have a cheaper cost of living compared to their neighboring states.